Sainsbury's Finance has launched a new short term savings account that should prove popular with investors
The One Year Fixed Rate Saver is a telephone and internet operated account with a minimum investment of £5K paying 2.80% yearly and monthly. No earlier access or further additions are permitted, and the account has a maximum investment limit of £50K.
This one year bond is amongst the market leaders in the short term field and the monthly option offers good returns for investors looking to supplement their income.
However, the product will not allow access to funds, as standard with fixed rate products, so savers must ensure they can leave their money untouched for the full term.
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